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Al Bait UK Real Estate Fund was a company established to invest in a diversified portfolio of income producing commercial properties in the United Kingdom. The fund focused on the purchase of individual properties in the industrial, and office sectors. The properties bought by the fund were located in London, New Castle, Surrey, Gloucester, and Nottingham.
Al Bait was realized from on May 2007 at the height of the UK real estate market and sold for £58,800,000. The purchase price for the portfolio was £46,000,000. It achieved a 15% IRR, equivalent to a gross return on invested equity of around |
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